We can debate how much impact massive Fed intervention had on the economy as it recovered from the Great Recession, but one thing that’s undebatable is that the Federal Reserve…
Fed Driving in Reverse – Part 1
Driving a car in reverse is much more difficult than driving it forward. You need to look behind you or constantly check the rear-view mirror (or camera) and try to…
Addressing a Debt Crisis with More Debt
Last week, we discussed causes of the Great Recession. Today, we look at how it was addressed. The financial crisis was essentially a debt crisis. Mortgagees were unable to pay…
The Ghost of Ben Bernanke
“The good news is bad news.” …
Gold Can Be Fickle
“Nobody really understands gold prices, and I don’t pretend to understand them either.” …
Ben Bernanke Invents Supply Side Keynesian Economics
Ben Bernanke is back, having been interviewed during the past month by The New York Times, NPR, CNNMoney, The Hill, Bloomberg, CNBC and other media. That his book, The Courage…
Fed Policy Brings Record Stock Buybacks
Just once, we’d like to post that the economy is growing like pumpkins in September, that personal income is soaring (or at least not falling), that jobs are being created,…
How Ben Bernanke Saved the World
“It became necessary to destroy the town to save it.” U.S. major talking about Bến Tre, Vietnam The Wall Street…
Century Old Fed Has Inflationary History
With the Federal Reserve Board celebrating its 100th birthday, it’s a good time to look back on the past century to see how The Fed has fared. We’ve been critical…
Paper Taper
So the taper begins in January. Big deal. That was the market’s initial reaction anyway. In fact, the market viewed this week’s announcement as a positive, setting yet another record. …